Jackson Grant Investment Advisers Inc. boosted its position in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 15.8% during the 4th quarter, HoldingsChannel reports. The firm owned 960 shares of the conglomerate’s stock after buying an additional 131 shares during the quarter. Jackson Grant Investment Advisers Inc.’s holdings in Honeywell International were worth $217,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of Honeywell International by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after purchasing an additional 1,376,479 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Honeywell International by 24,683.3% in the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after buying an additional 944,876 shares during the period. Cibc World Market Inc. boosted its holdings in Honeywell International by 320.5% during the fourth quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate’s stock valued at $193,890,000 after purchasing an additional 654,207 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in Honeywell International by 1,147.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock valued at $129,415,000 after buying an additional 575,865 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Honeywell International by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after purchasing an additional 547,998 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on HON shares. Barclays increased their target price on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Jefferies Financial Group boosted their price objective on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a research note on Tuesday, December 3rd. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Honeywell International currently has an average rating of “Hold” and an average price target of $248.29.
Honeywell International Stock Performance
Shares of HON stock opened at $222.35 on Thursday. The stock has a 50-day moving average of $225.61 and a 200-day moving average of $215.18. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The stock has a market cap of $144.58 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.
Honeywell International Company Profile
Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.
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